Highlights from recent IT venture capital investment activity.
June 6th, 2012 - Redwood City, CA
PubMatic Raises $45 Million in Mezzanine Financing Led by August Capital
PubMatic (www.pubmatic.com), the digital media platform for publishers, today announced that it has raised $45 million in mezzanine financing. New investor, August Capital, is leading the financing with participation from all existing investors including Draper Fisher Jurvetson, Nexus Venture Partners, Helion Ventures and Silicon Valley Bank. The funds will be used to continue PubMatic’s targeted acquisition strategy and strengthen the company’s balance sheet.
http://www.businesswire.com/news/home/20120606005885/en/PubMatic-Raises-45-Million-Mezzanine-Financing-Led
June 4th, 2012 - Boston, MA
Gemvara Raises $25M Series D
Online fine jewelry site Gemvara Inc. has closed a $25 million round to more aggressively court and capture customers who want custom jewelry they can design themselves. Norwest Venture Partners led the Series D round-a significant bump from the $15 million Gemvara Founder Matt Lauzon initially targeted-with participation from existing investors Highland Capital Partners, Canaan Partners and Balderton Capital.
http://pevc.dowjones.com/article?an=DJFVW00020120604e864apb2e&from=alert&pid=32&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%3a80%2farticle%3fan%3dDJFVW00020120604e864apb2e%26from%3dalert%26pid%3d32
June 5th, 2012 - San Francisco, CA
Identified Raises $21M
Identified Inc. has captured the interest of 20-somethings using game mechanics to build their careers. Now it's captured $21 million in venture funding. VantagePoint Capital Partners and Capricorn Investment Group co-led the Series B round, which the two-year-old company will use to triple headcount to 150 during the next 12 months as it grows its user base and then sells the data produced by those users to enterprise customers.
http://pevc.dowjones.com/article?an=DJFVW00020120605e865apkba&from=alert&pid=32&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%3a80%2farticle%3fan%3dDJFVW00020120605e865apkba%26from%3dalert%26pid%3d32
June 4th, 2012 - San Diego, CA
Awarepoint Raises $14 Million in Additional Funding
Awarepoint Corporation, the leading provider of real-time location system (RTLS) solutions for healthcare, today announced it raised $14 million in additional financing. The Heritage Healthcare Innovation Fund (HHIF), a limited partnership operated by Heritage Group, a Nashville, Tenn.-based private healthcare investment firm, invested $7.5 million. Existing investors including Kleiner Perkins Caufield & Byers, Cardinal Partners, Venrock, Jafco Ventures, Avalon Ventures, New Leaf Venture Partners and Top Tier Capital Partners invested the balance of the round.
http://www.awarepoint.com/press-release/awarepoint-raises-14-million-in-additional-funding/
June 5th, 2012 - Boston, MA
Cartera Commerce Announces $12.2 Million Growth Equity Investment
Cartera Commerce, the leading provider of card-linked marketing solutions, today announced it has raised $12.2 million in growth equity to capitalize on the massive opportunity in card-linked marketing - a market projected by analysts to exceed $1.7B by 2015. The round was led by Comvest Group and included new investments from all of Cartera's previous investors including Flybridge Capital Partners, Dace Ventures, LBO Enterprises, and Venture Capital Fund of New England.
http://www.cartera.com/newsevents/pressreleases/20120605.html
Europe
June 8th, 2012 - Munich, Germany
Westwing Receives $50M in Funding
Westwing, a Munich, Germany-based shopping club for home & living, has raised $50m in funding. The round, which brings the total amount raised to date to $82m, was led by Summit Partners, with participation from existing investors Access Industries, Holtzbrinck Ventures, Investment AB Kinnevik and Rocket Internet.
http://www.finsmes.com/2012/06/westwing-receives-50m-funding.html
June 6th, 2012 - Tel Aviv, Israel
GetTaxi Grabs $20 Million Funding
GetTaxi, an app aimed at letting people order taxis from their smartphones or via the web, has already gained significant traction in the UK, Russia and Israel. But now it has its sights set on conquering the United States — and New York City is the first on its list. So, the company is announcing today, it has raised $20 million in brand new funding to help fund its expansion efforts.
The $20 million serves as a follow-on funding round for GetTaxi, and it was led by previous investors Len Blavatnik’s Access Industries with participation by company founders Shahar Waiser and Roi More. GetTaxi, which was founded in 2010, had previously raised $11 million in outside venture capital, so this round brings its total outside funding to approximately $30 million.
http://techcrunch.com/2012/06/06/gettaxi-20-million-funding-new-york-city-us-expansion/
June 5th, 2012 - Israel
Wibbitz Raises $2.3M
Wibbitz, an Israeli startup that develops technology that automatically turns text into videos, has raised $2.3 million in funding from Hong Kong-based Horizons Ventures – the investment vehicle of billionaire business magnate Li Ka-shing – and prior backers Initial Capital and lool Ventures.
http://thenextweb.com/insider/2012/06/05/wibbitz-turns-text-into-videos-investor-pitches-into-2-3-million-in-funding/
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